Retail credit classification for individuals and SMEs

For SMEs we apply business classifications such as:

Asset-Based Financing

An increasing portion of short-term lending in recent years has consisted of asset-based loans. This credit is secured by short-term assets that are expected to rollover into cash in the future, such as loans against inventory or receivables to be collected by the bank.

Working Capital Loans

These are loans or facilities that cover a shortfall in cashflow and fulfil a short-term need for funds to run the business.

Medium & Long-Term Loans

These are loans to fund the long-term needs of businesses such as the purchase of equipment or construction of physical facilities covering a period longer than one year.